Economy under obama graph

SYDNEY: Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the economy.The 50-year-old outgoing treasurer took the top job after a Liberal Party revolt instigated by hardline conservatives, led by Peter Dutton, to unseat moderate Malcolm Turnbull.Morrison was an ally of Turnbull's and presided over the economy as the government sought to return the budget to surplus and simultaneously cut personal income and small-business taxes.Analysts see him continuing along the same economic path now that he has climbed into the prime minister's chair."He did not bring on the challenge so can't be blamed for the instability," said AMP Capital chief economist Shane Oliver."More importantly he is seen as a reasonably sensible policy maker, is respected by investment markets in his role as treasurer and is seen as a centrist giving the Liberals perhaps a better chance … [Read more...] about Business as usual for Australian economy under new PM

SYDNEY -- Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the economy. The 50-year-old outgoing treasurer took the top job after a Liberal Party revolt instigated by hardline conservatives, led by Peter Dutton, to unseat moderate Malcolm Turnbull. Morrison was an ally of Turnbull's and presided over the economy as the government sought to return the budget to surplus and simultaneously cut personal income and small-business taxes. Analysts see him continuing along the same economic path, now that he has climbed into the prime minister's chair. "He did not bring on the challenge so can't be blamed for the instability," said AMP Capital chief economist Shane Oliver. "More importantly he is seen as a reasonably sensible policy maker, is respected by investment markets in his role as treasurer and is seen as a centrist giving the Liberals perhaps a better … [Read more...] about News
Business as usual for Australian economy under new PM

SYDNEY (AFP) - Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the economy. The 50-year-old outgoing treasurer took the top job after a Liberal Party revolt instigated by hardline conservatives, led by Peter Dutton, to unseat moderate Malcolm Turnbull. Morrison was an ally of Turnbull's and presided over the economy as the government sought to return the budget to surplus and simultaneously cut personal income and small-business taxes. Analysts see him continuing along the same economic path now that he has climbed into the prime minister's chair. "He did not bring on the challenge so can't be blamed for the instability," said AMP Capital chief economist Shane Oliver. "More importantly he is seen as a reasonably sensible policy maker, is respected by investment markets in his role as treasurer and is seen as a centrist giving the Liberals perhaps a … [Read more...] about Business as usual for Australian economy under new PM Scott Morrison

caption U.S. Treasury Secretary Steven Mnuchin and his wife Louise Linton arrive for a New Year’s Eve party with U.S. President Donald Trump at his Mar-a-Lago club in Palm Beach, Florida on December 31, 2017. source REUTERS/Jonathan Ernst Treasury Secretary Steven Mnuchin said a the recent uptick in wage growth data doesn’t necessarily mean inflation is coming. Mnuchin’s comments come after recent stock market volatility, fueled in part by inflation concerns. The insistence that wages can rise without a coincidental inflation increase runs counter to basic economic theory, though there are some exceptions. Treasury Secretary Steven Mnuchin on Thursday said people should be excited about wage growth for Americans workers and stop worrying so much about inflation. In an interview with Bloomberg, Mnuchin said recent data showing a boost in wages for workers shouldn’t make investors … [Read more...] about Steven Mnuchin had a curious reason for why people shouldn’t be worried about the economy under Trump

WASHINGTON—U.S. President Donald Trump is expected this week to extend relief from economic sanctions to Iran as part of the nuclear deal, citing progress in amending U.S. legislation that governs Washington’s participation in the landmark accord, according to U.S. officials and others familiar with the administration’s deliberations.But Trump is likely to pair his decision to renew the concessions to Tehran with new, targeted sanctions on Iranian businesses and people, the six people briefed on the matter said. The restrictions could hit some firms and individuals whose sanctions were scrapped under the 2015 nuclear agreement, a decision that could test Tehran’s willingness to abide by its side of the bargain.The individuals — two administration officials, two congressional aides and two outside experts who consult with the government — weren’t authorized to speak publicly on the matter and demanded anonymity. They cautioned that Trump could … [Read more...] about Trump expected to extend sanctions relief for Iran under Obama-era nuclear deal, sources say